With <24hs to go, there's $78.2M overcommitted trying to buy 2.4M of currently unpurchased XPL That's x32, meaning that $32 USD overcommittment gives you $1 XPL extra allocation Seems that x500 coming soon
With 2 days to go, @PlasmaFDN is already oversubscribed by +6x Some stats: • They are selling $50M worth of XPL @ $0.05 • At a valuation of 500M • 1B XPL sold • $41.8M/$50M has already been purchased (84%) • $8.2M remains unpurchased, for people who overcommit • There's $50M in overcommitments trying to get that $8.2M share • Total raised: 92M imo +95% of XPL will be purchased, but that won't stop overcommitments since it's basically free, mind the opp cost to deploy/unwind size. You can commit until the 28th, and the Plasma team will refund unused overcommitted funds within 2-3 days max. They've received so far: 46,073,566 USDC 45,552,745 USDT 605,041.46 USDS 30,414.36 DAI Only around 3000 addresses managed to get in. There was a 30 min window on the last cap increase, so plenty of time for people who missed the first two. They are treating USDC/USDT/USDS/DAI as if they’re all worth exactly $1. Because of that, the best alternative was to send USDC (which can trade slightly below $1, $0.998 on some exchanges) since they are crediting deposits at a 1:1 rate in USDT at launch. A small arbitrage on top of the Aave yield our deposits are already getting. Can't confirm myself, but I've seen people saying the word "Trillions" ⚡️
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